21178983,  Ramo Flats Apartments - Union, OR

1091 S Main St, Union, OR, 97883
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Ref # : 21178983

For Sale $ 1,100,000
Funding using HOME funds from OHCS, Ramo Flats Apartments is an 11-unit complex built in 2000. These apartments serve individuals/households that are 62 years or older and/or disabled of any age. These are LOW-INCOME HOUSING. Well-maintained property with low vacancy. These apartments are situated on main street in the quiet town of Union with off-street paved parking, concrete walkways, private patios and common area including on-site laundry.

Loan expires 10/1/2030 - apartments could be taken to market rate then. Buyer will be subject to current restrictive covenants and will need approved by Oregon Housing for transfer of ownership. Site plans, financial statements and other info available to qualified buyers. Managed by Viridian Management. This property will not qualify for a loan and is cash only. Familiarity with government restricted housing is a must. Listing agent is related to owners. Call listing agent Lindsey Chrisman for more details!
See also:
Mallard Heights Apartment – 870 N 15th Ave, Elgin, OR 97827 – 11-unit complex – offered at $1,200,000
Emily Drive Apartments – 10700 Emily Dr, Island City, OR 97850 – 11-unit complex – offered at $1,100,000

Features

Building Information

Built on: 2000

Land Information

Total acres: 0.95 Acres
 Accessibility Amenities
Handicap Facilities
One Level

Location

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  • Phone: (541) 432-5000
  • Mobile: (541) 398-8065
  • Fax: (541) 432-5001
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